Crude Oil Rises Sharply; Forgent Power Solutions Shares Jump After Q4 Results
U.S. stocks traded lower midway through trading, with the Dow Jones index dropping more than 350 points on Tuesday. The Dow traded down 0.71% to 52,051.45 while the NASDAQ declined 0.67% to 26,010.20. The S&P 500 also fell, dropping, 0.42% to 7,588.35. Leading and Lagging Sectors Energy shares jumped by 1.4% on Tuesday. In trading on Tuesday, consumer staples stocks fell by 1%. Top Headline Forgent Power Solutions Inc. (NYSE: FPS ) shares jumped around 15% on Tuesday after the power infrastructure equipment maker reported strong fourth-quarter results and issued fiscal 2027 guidance above estimates. Forgent reported adjusted earnings of 25 cents per share, beating the 24-cent estimate. Sales surged 94% year over year to $461.67 million, topping the $429.94 million estimate. Equities Trading UP Veea Inc ( NASDAQ: VEEA ) shares shot up 160% to $5.95 after the company announced it signed a term sheet to combine with NovaGen Group. Shares of My Size Inc (NASDAQ: MYSZ ) got a boost, surging 40% to $2.32 after the company announced an acquisition-led strategy focused on building a defense technology platform. Radiant Logistics Inc ( NYSE: RLGT ) shares were also up, gaining 15% to $9.46
S. stocks traded lower midway through trading, with the Dow Jones index dropping more than 350 points on Tuesday. 20. 35.
4% on Tuesday. In trading on Tuesday, consumer staples stocks fell by 1%. Top Headline Forgent Power Solutions Inc. (NYSE: FPS ) shares jumped around 15% on Tuesday after the power infrastructure equipment maker reported strong fourth-quarter results and issued fiscal 2027 guidance above estimates.
Forgent reported adjusted earnings of 25 cents per share, beating the 24-cent estimate. 94 million estimate. 95 after the company announced it signed a term sheet to combine with NovaGen Group. 32 after the company announced an acquisition-led strategy focused on building a defense technology platform.
46 after the company reported better-than-expected fourth-quarter financial results. 75 million registered direct offering. 31 after the company announced that it has withdrawn its applications related to the proposed acquisition of Grasshopper Bancorp. Also, Citizens lowered its price target on the stock from $270 to $215.
33 after the company announced a 1-for-25 reverse share split. 10. 4385. Euro zone European shares were mostly lower today.
3%. 04%. 75. Photo via Shutterstock